EMEC.DE vs. BBCK.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while BBCK.DE tracks the Nasdaq Global Buyback Achievers. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 10.80%/yr for BBCK.DE. A 0.68 correlation means they provide meaningful diversification when combined. EMEC.DE charges 0.30%/yr vs 0.39%/yr for BBCK.DE.
Performance
EMEC.DE vs. BBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than BBCK.DE's 7.16% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
BBCK.DE
- 1D
- 0.98%
- 1M
- 1.42%
- YTD
- 7.16%
- 6M
- 8.41%
- 1Y
- 21.98%
- 3Y*
- 18.50%
- 5Y*
- 10.80%
- 10Y*
- 11.96%
EMEC.DE vs. BBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 8.36% | 18.47% |
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 7.16% | 16.70% | 19.10% | 11.74% | -6.44% | 30.65% | 1.65% | 18.36% |
Correlation
The correlation between EMEC.DE and BBCK.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.68 |
The correlation between EMEC.DE and BBCK.DE has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
EMEC.DE vs. BBCK.DE — Risk / Return Rank
EMEC.DE
BBCK.DE
EMEC.DE vs. BBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EMEC.DE | BBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.97 | -2.33 |
| Martin ratioReturn relative to average drawdown | 9.05 | 14.50 | -5.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMEC.DE | BBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.88 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.75 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.86 | -0.04 |
Drawdowns
EMEC.DE vs. BBCK.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, smaller than the maximum BBCK.DE drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and BBCK.DE.
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Drawdown Indicators
| EMEC.DE | BBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -33.23% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -4.40% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -21.54% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -21.54% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.23% | — |
Current DrawdownCurrent decline from peak | -0.24% | 0.00% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.61% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.51% | +0.81% |
Volatility
EMEC.DE vs. BBCK.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) at 2.79%. This indicates that EMEC.DE's price experiences larger fluctuations and is considered to be riskier than BBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | BBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.79% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 7.81% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 11.63% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 15.39% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 18.85% | -2.85% |
EMEC.DE vs. BBCK.DE - Expense Ratio Comparison
EMEC.DE has a 0.30% expense ratio, which is lower than BBCK.DE's 0.39% expense ratio.
Dividends
EMEC.DE vs. BBCK.DE - Dividend Comparison
EMEC.DE has not paid dividends to shareholders, while BBCK.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.79% | 1.75% | 1.97% | 1.18% | 1.61% | 1.84% | 1.35% | 1.18% | 1.63% | 1.28% |
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMEC.DE and BBCK.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMEC.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for BBCK.DE.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while BBCK.DE tracks Nasdaq Global Buyback Achievers. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.30% for EMEC.DE and 0.39% for BBCK.DE.
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